Asia

Hydropower company, Dai Hai Power is working on a 100 MW solar PV plant near Buon Me Thuot City, Vietnam. Sungrow will supply the necessary inverters.

The Indian rupee is posting new lows. As concerns about Turkey’s economic woes persisted last week, the currency hit a record low of 70.32 to the dollar, having breached the 70-mark for the first time in history.

With capital projects CIGSfab and CIGSlab – according to the PV equipment provider – on schedule, Manz expects big follow-up orders from its Chinese customers as solar provided the highlight of the parent company’s first-half figures.

A combination of national, state and public body commitments could see the amount of PV added nationally treble on the last four-year period. But even with a new 7-8 GW added, rooftop solar will still be bringing up the rear.

PV InfoLink has released its latest solar PV module shipment ranking for H1 2018. Chinese manufacturers continue to dominate the market, while monocrystalline module shipments increased sharply. Overall, it forecasts total PV demand of 83 GW in 2018.

According to the latest figures from the MNRE, cumulative grid-connected ground-mounted solar PV capacity has reached 22 GW in India, with 1.3 GW connected between this April to July. Module prices, meanwhile, are said to have come down “considerably”.

“Significant” price movements in solar PV cells has been observed this week, in reaction to India’s safeguard duties, and the impending MIP decision, says EnergyTrend. Module, wafer and polysilicon prices, however, remain stable. In contrast, prices for li-ion batteries are set to increase by as much as 15% in Q3.

At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.

The solar manufacturing equipment maker has posted an EBIT of US$15 million for the six-month period. It marks a return to profitability for the Swiss company, after major restructuring and cost optimization programs over the past 18 months.

As the global EV market grows, manufacturers are seeking new revenue streams for used EV batteries. Applications in grid and residential storage systems have become popular. The market for second-life EV batteries is expected to reach $4.2 billion by 2025.